Virtual currency is a profiteering industry

1. After the craze of the encryption world in 2017 and 2018, there have been more than 2000 kinds of cryptocurrencies on the market, but few of them can generate revenue. Which currency has more potential in 2019
bitcoin (bitcoin)
as the wind vane of virtual currency, its position in the coin circle is recognized. It is no exaggeration to say that the rise and fall of bitcoin affect the nerves of investors. For example, in the virtual currency trading in the domain Kingdom, investors choose to be bullish or bearish, and they can make profits after maturity. Virtual currency is not only a currency, but also a symbol of virtual currency
Ethereum is regarded as the symbolic currency in the era of blockchain 2.0. The concept of public chain created by Ethereum is no less important than that of windows in the operating system, and its market value is second only to bitcoin. Ethernet currency is widely used in many cryptocurrency markets<

ripple
ripple is a kind of virtual currency. There are many old players who know ripple, but they are a little strange to novices. Since its founder Jed launched, reborn coin has many fans in China, and also has great influence in Europe, the United States and other regions
Factom
is one of the most popular cryptocurrency investment lists. Factom currently ranks 79 on the cryptocurrency list, with a market value of $60927718 and a current price of $6.48, which means that it is likely to become a top big currency in terms of market value
don't invest in counterfeit currencies that are hot and hot for huge profits. Only a good currency can really help investors achieve their profit goals.

2. Reason: with the rapid development of information technology, real money is far from meeting people's demand for capital flow. If there are enough people to recognize the value of a virtual currency, it may become a substitute unit of material exchange, and the existence of virtual currency will inevitably cause another upsurge in the financial sector
in view of the possible risks of virtual currency, many international organizations and central banks have responded publicly to the supervision of virtual currency system. These responses can be roughly divided into four categories: warning and risk warning, supervision and registration permission, legislative norms, and explicit prohibition
(1) warning and risk warning
some central banks and regulators have issued risk warnings against the special currency and virtual currency system. The federal financial regulatory authority of Germany, the Bank of France, the central banks of the Netherlands and Belgium have issued public warnings against the possible money laundering and terrorist financing caused by the use of bitcoin. In the report released at the end of 2013, the European Banking authority (EBA) warned consumers of many risks of virtual currency, such as exchange loss, e-wallet theft, unprotected payment, price fluctuation and so on. Although Spain did not have a similar risk warning, it issued a timely information announcement related to virtual currency
(2) supervision and registration license
generally speaking, international organizations believe that the supervision of virtual currency should find a balance between risk prevention and innovation promotion. Since 2012, Sweden has required transactions related to virtual currency to be registered with financial regulators. Other countries pay attention to qualification supervision, so as to make it indirectly meet the requirements of prudential supervision. In other countries, the regulation mainly focuses on the business model of virtual currency transaction. The financial prudential regulatory authority of France regards the provision of bitcoin circulation and trading services and the act of earning funds in the process as a payment service and requires the authorization of the government. In addition, some countries focus on the intermediary institutions related to virtual currency. The German federal financial regulatory agency and Danish regulators believe that the provision of intermediary services for virtual currency needs to be authorized< (3) legislative norms
at present, some countries have proposed legislation to regulate virtual currency transactions. Canada plans to legislate to allow the government to supervise the transaction of bitcoin, and to include the transaction of more than US $10000 into the scope of suspicious supervision. The United States hopes to adjust the relevant legal structure should be compared with the development of the special currency. In order to make the Bank Secrecy Act (BSA) applicable in the context of network, the financial crime enforcement network (FinCEN) of the U.S. Department of the Treasury issued the explanatory guidance on the behavior and subject definition of private generation, holding, distribution, trading, acceptance and transmission of virtual currency in 2013. The European central bank stressed that it should strengthen international cooperation under the existing legal framework, and regulate virtual currency from the European and global level under the existing legal framework. More countries believe that bitcoin is not a currency in circulation, has no legal status, and does not meet the definition of financial instruments, such as Finland, Sweden, Malaysia and Indonesia
(4) it is forbidden
in some countries, bitcoin related transactions are prohibited. In December 2013, the people's Bank of China banned financial institutions from trading in bitcoin, which was subsequently extended to payment service providers. The central banks of Thailand and Indonesia share the same attitude. The circulation of anonymous internet currency (including bitcoin) is prohibited by the Russian judicial inspection department as a substitute for currency. The Central Bank of Russia has earlier included the provision of bitcoin services in the scope of suspicious transaction monitoring. The U.S. Securities and Exchange Commission (SEC) has banned the issue of unregistered shares in exchange for bitcoin, and unregistered online securities trading activities in virtual currency.

3. In short, bitcoin is a kind of virtual currency, which does not rely on any monetary institutions to issue, but relies on a specific algorithm, generated through a large number of calculations. After the bitcoin address is bound with the bank card, you can buy bitcoin with RMB recharge. There is a K-line chart, and the price changes in real time. Similar to stocks, you can buy and sell bitcoin at any time
after this madness, where should virtual currency go? According to the analysts of foresight Instry Research Institute, the future development trend of the instry mainly includes the following points:
1. Virtual currency may continue to develop for a long time. Due to the high security of virtual currency, it can't be issued at will, and Chinese and foreign people can't identify the user's identity information in the transaction process, a large number of people have a crazy pursuit of virtual currency
2. Virtual currency may be involved more widely in the future. As long as someone recognizes and uses virtual currency, the existence of virtual currency has value
virtual currency has been developing so far, prosperity and bubbles, wealth and dreams, questioning and supervision are all on the way. Investment is risky, so we should be cautious. At present, such playing methods as bitcoin have not been approved by the regulatory authorities. It is suggested that ordinary investors should participate in the game within their ability.

4. We need to judge whether it is reliable or not, just like RMB can also be used to make money, invest and spend, but the major MLM people are also concive to RMB crime
so here are some suggestions for novice friends. I hope that those who have just joined the circle will take less detours
1. All the gimmick projects, such as brick arbitrage, are basically MLM projects. Of course, I don't mean that MLM projects don't make money. On the contrary, some MLM projects may make more money than the real money circle, but you must remember what you are here for, whether you are in the money circle, your MLM or the money circle's MLM. If it's the first one, stay away from MLM; If it is the second, I suggest 1040 sunshine project; If it's the third one, congratulations on coming to the right place, and then close this answer
2. As long as there is a way to promise the amount of rebate every day or within a certain period of time after the investment in the coin circle project, it is generally mixed with the traditional pyramid selling mode of pulling the head, which is all pyramid selling. The author does not recommend it
3. Don't believe too much in the security of trading, and don't wait for a fall to gain wisdom. You'd better accept the truth that the predecessors have told you many times. Maybe they just don't want you to fall again where they fell
4. Don't think about mining to get a lot of profits (of course, it's good to play, and the author also starts from mining when entering the coin circle), but you can understand the mining instry to know the big ecology of the coin circle
5. For indivial investors who have not been in touch with finance, the return of Tun yuan must be greater than your short-term return for many times. In the short-term, the money you make for nine times may not be equal to the money you lose for one time when you operate wrongly. This sentence is especially applicable to contract leverage.

5.

It is difficult to avoid the typical risks related to the payment system. In a specific virtual community, virtual currency payment activities have evolved into a "real" payment system, facing the typical risks related to the payment system: credit risk, liquidity risk, operational risk and legal risk. The nature, scale and ration of these risks largely depend on the design of the system or the degree of lack of liquidity. It is difficult for the network virtual currency scheme to avoid or control these risks. According to the core principles of important payment system (CP) issued by the bank for International Settlements (BIS), the network virtual currency scheme does not conform to most of the contents of CP, and does not belong to the systemically important payment system. Therefore, it will not cause or transmit shocks to the global financial system. At present, there is no systematic risk in the network currency system outside these virtual communities

2. Lack of corresponding supervision and protection mechanism

in the real economy, the central bank plays the role of lender of last resort and there is no default risk, so it can take actions in the case of payment crisis or unpredictable liquidity shortage to avoid chain reaction. In the network virtual currency scheme, network currency is not the settlement asset. Because network currency simply depends on the credibility of the issuer, it can not be widely accepted as a means of payment, so network currency can not be regarded as a safe currency. In addition, commercial banks are required to accept prudential supervision, which reces the possibility of default. The security of money in commercial bank accounts is higher than that of network currency. A fundamental risk of network currency is that the settlement institution of network currency scheme is not subject to any supervision, no institution is responsible for its behavior, and there is no investor / depositor protection mechanism, which causes the user to bear all the risks

(4) risk of absence of supervision generally speaking, supervision lags behind the development of science and technology. The network virtual currency program was established in the late 1990s, but it was not until 2006 that some government agencies in the United States began to analyze these programs. Due to the lack of supervision and the anonymity, invisibility and difficulty in tracking of its transactions, the network virtual currency scheme is easily used by terrorist activities, fraud, money laundering and other illegal activities. At present, many government departments in many countries are considering whether to recognize or legalize these virtual schemes and bring them into the scope of supervision, so as to support the innovation of currency and payment forms, protect consumers' rights and interests and financial stability, and restrain the use of virtual currency schemes to engage in criminal activities. At present, the uncertainty of the legal status of the virtual currency scheme may also bring challenges to the government authorities

The reputation of Monetary Authority (central bank) is the key factor to determine the effectiveness of its policies, especially monetary policy. The public's trust in fiat money is closely related to the image of the central bank, which pays close attention to its reputation. The ECB will define reputation risk as the risk of deterioration of reputation, credit or public image. As the network currency scheme is related to money and payment, it is generally believed that it belongs to the responsibility of the central bank, so it is necessary to guard against the reputation risk it may bring to the central bank. Although in the case of small scale, the impact of the failure of the network currency scheme is limited, its high volatility and instability also increase the possibility of failure and attract extensive media coverage. If the network currency is allowed to develop continuously without regulation, the central bank may be regarded as dereliction of ty and affect its reputation

Compared with the exchange value, the public has a higher recognition of the investment value of network virtual currency, and it is the transaction based on investment that accelerates the formation of virtual currency market. Like other investment markets, the participants of virtual money market will also face the potential losses caused by market risk, credit risk and policy risk. Take the bitcoin as an example: from 2009 to the beginning of 2010, bitcoin was worthless; In the summer of 2010, bitcoin trading began to enter the golden age. Because the supply was far less than the demand, the value of online trading began to rise. In early November, bitcoin was silent at 29 cents for many days, and then jumped to 36 cents; In February 2011, the bitcoin continued to appreciate, and its exchange rate with the US dollar reached 1:1; In 2013, the bitcoin price achieved a "Big Bang" growth, and hit US $1242 on November 29, 2013, exceeding the gold price of US $1241.98/oz in the same period. Fierce price fluctuations make market participants face huge speculative risks

unlike mature capital markets such as stocks and bonds, bitcoin market is not deep enough, and it is mainly held in the hands of large investors with low degree of diversification. Bitcoin price is easily affected by large investors' trading behavior and controlled by speculators. At the same time, different countries have different attitudes towards bitcoin. Germany, the United States and other countries hold an open and supportive attitude. Thailand, Brazil and other countries regard bitcoin related activities as illegal. Every country's attitude and measures will have a significant impact on its price, especially in the short term

6. Virtual currency refers to non real currency. Well known virtual currencies, such as online currency of Internet company, q-coin of Tencent company, q-point and voucher of Shanda company, micro currency launched by Sina (used for micro games, Sina reading, etc.), chivalrous Yuanbao (used for chivalrous road game), grain silver (used for bixue Qingtian game), Ming coin proced by Tiandi bank, and popular digital currencies in 2013, such as bitcoin, Leyte coin, etc Unlimited money, quark money, zeta money, barbecue money, pennies (Internet), invisible gold bar, red money, prime money. At present, hundreds of digital currencies are issued all over the world. The legend of "bitcoin, Wright silver, infinite copper, pennies aluminum" is popular in the circle. With the development of Internet, the form of currency is becoming more virtual, and the electronic currency, which only exists in the form of electronic signal, has emerged.

7. 1 Price stability risk
theoretically, if the existence of network currency affects the demand for the central bank's liabilities, and then interferes with the central bank's open market operation, it will have an impact on a country's monetary policy and price stability. However, from a practical point of view, the premise of network currency affecting price stability includes the following three aspects:
(1) from the analysis of the impact on the amount of money, although it is difficult to analyze the extent to which the network currency scheme creates money in the case of lack of information The best digital currency trading platform is "currency exchange")
however, most network currency systems operate in the prepaid mode, that is, issuing network currency when changing in real currency and withdrawing currency when changing out real currency, which has limited impact. In the famous network currency scheme, the money supply is stable and the supply is small, but we still need to be vigilant whether it can ensure that the money supply will maintain a stable level in the long run, and the impact of the change of exchange rate between network currency and real currency
(2) from the analysis of the impact on the speed of money circulation, cash use and money statistics, the impact of the technological innovation brought by the network currency scheme on the speed of money circulation is not clear
as an Internet instry, this largely depends on the number of active internet currency scheme users. If the network currency is widely accepted, it will have a substitution effect on the real currency of the central bank, thus recing the use of cash in transactions. In this case, the size of the central bank's balance sheet will be reced, and its ability to influence short-term interest rates will be weakened. The central bank will need to fight against risks through ways such as setting minimum reserves for cyber currencies. Substitution effect will aggravate the difficulty of monetary statistics and affect the relationship between monetary statistics and inflation, which is not concive to the realization of long-term price stability. In addition, the issue of network currency outside the central bank and the expansion of virtual credit will have an impact on the transmission of the central bank's interest rate decision in the economy and weaken the central bank's monetary control
(3) based on the analysis of the interaction between network currency and real economy, network currency can act as a real commodity trading medium and have an impact on real GDP
the impact of Internet money on real money supply depends on two aspects: one is the substitution effect of virtual economy on real economy; the other is the substitution effect of virtual economy on real economy; The second is the crowding out effect of network currency on real currency, that is, with the increase of the total amount of network currency, the amount of cash held by the public in real life decreases, resulting in the decrease of cash / deposit ratio and the increase of currency multiplier. In reality, the network virtual currency scheme will not affect the price stability at this stage, and the currency flow speed will not be significantly affected in the short and medium term. However, the interaction between network currency and real economy deserves attention
(2) financial stability risk
when the network virtual currency scheme operates outside the banking system, the most important factor of financial instability lies in its connection with the real economy, namely exchange rate and exchange market. Obviously, the closed network currency scheme and the one-way network currency scheme are not affected, so we should focus on the two-way network currency scheme. The value of two-way network currency depends on the level of money supply and demand in the exchange market. A big difference between network currency and real currency is that the network currency scheme is not based on the country or currency region, and the influence of virtual economy intensity, trade or proction capacity on its exchange rate is limited. The price and fluctuation of virtual money depend on five factors:
(1) money supply and other actions taken by money issuers. For example: to achieve a fixed or semi fixed exchange rate by intervening in the market
(2) network currency scheme shows network externality, and its monetary value depends on the number of users and merchants. As the number of consumers and businesses increases, their monetary value will increase accordingly. In addition, the exchange rate of network currency with small transaction volume fluctuates more
(3) virtual communities with clear and transparent policies and advanced security measures are easier to boost confidence, and the currency is stronger
(4) the reputation of network currency issuers in fulfilling their commitments. There is no "lender of last resort" in the virtual community, and the trust gained by the issuer is crucial to the exchange rate of internet currency
(5) speculation on the future value of Internet money and cyber attacks on virtual communities. Due to the immaturity of the system, low trading, speculative activities and network attacks, the two-way network currency scheme is inherently unstable. At present, the trading volume of these network currencies is small and the correlation with the real economy is low, so the stability of the financial system will not be affected. However, if Internet money becomes a substitute for traditional money in the future, it will bring instability to the financial system, and even distort the relative prices of goods and services. The impact of network currency system on the financial system largely depends on the number of active users and the number of merchants willing to accept virtual currency for real transactions. In addition, virtual currency has only exchange value and no use value. Generally, network currency is not based on assets with intrinsic value and is not supported by central bank credit. At present, these network monetary systems are not allowed to lend or borrow funds, so they can not pose a threat to the stability of the financial system. However, we should pay close attention to their development. If there is any change in the future, it will undoubtedly have an impact on the financial system.

8. Guangcai cause is a social poverty alleviation cause initiated and implemented by non-public economic personages in 1994 under the promotion of the United Front Work Department of the Central Committee and the all China Federation of instry and commerce. China Guangcai Cause Promotion Association is a national non-profit social organization established in 1995 with the approval of the Ministry of civil affairs and under the charge of the United Front Work Department of the Central Committee
recently, I will receive many complaints from netizens that a certain Guangcai coin (GCB) promoter cheated on the Internet, wechat and some media that its company was an investment banking holding company directly under the association, and a Guangcai Enterprise Co., Ltd. cheated that it was an organization directly under the United Front Work Department of the people's Republic of China, and embezzled our logo and relevant information, Put the images of leaders who support the cause of glory and the image materials of participating in glory activities in their promotion materials
the association declares that there is no enterprise directly under the association and has never cooperated with any associations or enterprises to carry out business activities“ "Guangcai cause" and the logo of China Guangcai Cause Promotion Association are registered trademarks of our association. Any use without the permission of our association is an infringement, and our Association reserves the right to further investigate its legal liability
there is no relationship between Guangcai coin and bitcoin, Ruitai coin, Laite coin and other digital currencies. Guangcai coin is suspected of pyramid scheme.

9.

In the era of stand-alone games, the protagonist saved money by knocking down the enemy and entering the gambling game to earn money. He used these to buy Herbs and equipment, but they can only be used on his own game console. It is a special currency issued by the portal website or instant messaging operator, which is used to purchase the services in the website

the future tertiary instry is different from the service instry, and its development direction is post-modern service instry, that is, experience instry, which is more personalized instry to meet the needs of spiritual, cultural and entertainment development. The stock market should make more use of information to guide the rational investment of instry and service instry, and the personalized virtual money market should make more use of information to experience the perceptual consumption of instry

therefore, as long as the virtual currency is used well, its profit is comparable to that of mining, which is a profiteering instry, but it still depends on how the specific people operate, and if it is not operated properly, it will not make money